VMS Ventures Inc.: Drill Hole RD-08-64 Intersects 14.47 Metres of 3.27% Copper at Reed Lake Discovery Zone, Snow Lake Manitoba
October 21 2008 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce assay results from drill holes RD-08-62, RD-08-63,
RD-08-64 at its Reed Lake Discovery Zone near Snow Lake, Manitoba.
Highlights:
- RD-08-62 Intersects: 2.29 metres (7.51 feet) of 10.42%
Copper
- RD-08-63 Intersects: 3.36 metres (11.02 feet) of 4.51%
Copper
- RD-08-64 Intersects: 14.47 metres (47.47 feet) of 3.27%
Copper
TABLE ONE
REED LAKE DRILLHOLES(i)
RD-08-62, RD-08-63, RD-08-64
--------------------------------------------------------------------
FROM TO INTERVAL COPPER ZINC SILVER GOLD
HOLE ID (m) (m) (m) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------
RD-08-62 120.02 122.31 2.29 10.42 1.16 17.09 0.76
--------------------------------------------------------------------
RD-08-63 119.10 122.46 3.36 4.51 0.90 11.20 0.54
--------------------------------------------------------------------
RD-08-64 116.39 130.86 14.47 3.27 0.32 7.10 0.04
--------------------------------------------------------------------
(i) True Thickness unknown
Vice President of Exploration, Dr. George Gale states: "Holes
RD-08-62 and RD-08-64 were drilled approximately 30m west of the
intercepts in the section containing holes 52, 53, 55, and 56.
Drill hole RD-08-63 was drilled within the section containing holes
57, 59 and 61. These holes provide further evidence for continuity
of mineralization of both the A lense (holes 62 and 63) and B lense
(hole 64) between previously announced drill holes along strike to
the west."
The Company is also pleased to announce that, in accordance with
the Company's stock option plan, it has granted to certain
employees, consultants, directors and officers incentive stock
options to purchase up to an aggregate of 900,000 common shares
exercisable on or before October 21, 2013 at a price of $0.35 per
share.
All technical information in this release has been reviewed by
Dr. George Gale, P.Eng., Vice President, VMS Ventures Inc.
VMS Ventures Inc. currently has a profile on Corebox.net which
is updated as soon as assay results are released. The link to visit
our Corebox profile is:
http://www.corebox.net/properties/reed_lake/.
VMS Ventures Inc. is focused primarily on acquiring, exploring
and developing copper-zinc properties in the Flin Flon-Snow Lake
VMS Belt. The Company also holds the largest land package
considered prospective for nickel-copper mineralization at Lynn
Lake, which is to date Canada's third largest nickel producing
camp. The Company's project portfolio consists of the Snow Lake VMS
project, the Lynn Lake Gabbros nickel-copper project, the Nickel
Belt project, the South Bay nickel-copper-cobalt PGE property, and
the Eden Lake Carbonatite Complex, Specialty Metals property. All
VMS Ventures Inc. properties are located in the mining friendly
province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal B.Sc., President & Director
The TSX Venture exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: VMS Ventures Inc. Keith Patey Director of
Communications (604) 986-2020 or Toll Free: 1-866-816-0118 (604)
986-2021 (FAX) Website: www.vmsventures.com Coal Harbor
Communications Dale Paruk (604) 662-4505 or Toll Free:
1-877-345-3399
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